What is a legal minimum price at which a good can be sold?
a. a price ceiling
b. a price stabilization
c. a price floor
d. a price cut
Ans: c. a price floor
Business
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A customer, in determining what a product or service is worth, considers the cost of producing the product or the service
Indicate whether the statement is true or false
Business
What is the core purpose of buying insurance?
A) Protect your wealth and assets B) Make sure you make money on any claim C) Insurance is an expense a careful investor needs to minimize D) Make sure you leave an estate when you are gone
Business